Business Directories

Qatar proposes $1bn fund for Jerusalem

Doha, March 26, 2013

Qatar called on Tuesday for the immediate establishment of a $1 billion fund to help Palestinians in Arab East Jerusalem, and offered to contribute $250 million to it.

Qatar's Emir Sheikh Hamad bin Khalifa Al-Thani made the proposal at the opening of an Arab summit in Doha that is expected to focus on the crisis in Syria and stalled Israeli-Palestinian peacemaking.

The Emir did not elaborate on the practicalities of the fund. But Arabs worry that Israeli settlement building on lands occupied in the 1967 Middle East war, especially in Arab East Jerusalem, has made a two-state solution backed by the US unfeasible. - Reuters